By David L. Ganz, Numismatic News

This is a two part column talking about auction pedigrees (Part I) with a focus on the Mickley-Hawn-Quellar 1804 silver dollar and the Anderson-Dupont-Yoder 1838-O half dollar. Part II tells the fascinating story of tracking down a footnote - a price realized 20 years ago - on a pedigreed piece highlighted in my new book, “Profitable Coin Collecting,” which Krause will publish July 20. Rare coins are white hot. On April 17, Heritage sold the David Quellar family specimen of the 1804 silver dollar for $3.7 million, and the Yoder family 1838-O half dollar (a circulated proof-45) for $276,000. Both coins and all others quoted refer to the hammer price plus the buyer’s premium, if any, charged winning bidders.

Both pieces realized prove the state of the market when looked at in the context of the lengthy pedigree that each offers. The 1804 dollar goes back 140 years; the 1838-O half dollar covers a half century of the coin market with its ups, downs, and sideways momentum.

For more than 40 years, I’ve been writing about the rare coin market and auction sale trends, and have charted the path that I called in one book “planning your rare coin retirement.” It’s become more important to me as I get nearer to my own; my 57th birthday (coincidentally my 43rd year as a coin writer) comes up July 28.

Read Mr.Ganz’s Full Article Here

By Kerry Rodgers, World Coin News

Collectors of pattern coins and trials need to take a long hard look at Roxbury’s catalog for the firm’s May 22 Queensland auction. It includes an Australian classic, an example of the 1937 uniface, reverse and pattern for Australia’s penny showing a bounding kangaroo (SCWC Pn24).

This was the first time this Australian icon had appeared - by itself - on any Commonwealth coin. It would remain as the reverse design for the penny and halfpenny until 1964. At the Royal Mint a series of different patterns were struck of Kruger Gray’s incisive but simple design. All are excessively rare with very few in private hands. The Standard Catalog entry for this item does not differentiate between the four possible patterns.

The uniface version comes with the word MODEL across the coin’s obverse as shown here. However, it exists with both a hole drilled in the planchet or unholed. The 2007 edition of Renniks Australian Coin and Banknote Values give the mintage of the uniface “model’ as 8 and with a value as A$110,000. However, this catalog does not distinguish holed from unholed.

Read Full Numismaster Article Here 

By Doug Andrews, World Coin News
Celebration of the centennial of the Royal Canadian Mint in the summer of 2008 may cause numismatists to reflect on the years of diplomatic wrangling and political infighting that surrounded its establishment. Now one of the most successful and modern mints in the world, its founding in 1908 was the culmination of nearly two decades of argument among Canadian parliamentarians, and negotiations between officials in Canada and the United Kingdom.

As early as 1890 members of the Canadian Senate from British Columbia began lobbying the Conservative and later, the Liberal, governments in Ottawa for opening a mint in Vancouver. Gold recently had been discovered in the nearby Fraser River Valley, and a tiny group of politicians led by Senator Thomas McInnes tried to persuade the cabinet to fund construction of a mint to assay and refine gold, produce ingots and strike gold into coins. In March, McInnes boldly introduced the following motion to the Senate, “Resolved as to the opinion of this House that it is both desirable and expedient that the government should immediately pass a coinage act and establish a mint.”

Gold miners and speculators in British Columbia saw the opening of a mint as an opportunity to increase their profits by reducing the costs of exporting gold to the United States for refining. However, the Conservative Prime Minister, Sir John A. Macdonald, opposed the measure championed by McInnes, a Liberal, and it went down to defeat. Macdonald, then in declining health, had focused this agenda on protectionism rather than foreign trade, and a mint to increase profits from exportation of gold did not fit into his plans.

Read Full Numismaster Article

By Davd Ganz for Numsmatic News

Hi-o Silver! After years of being thought of as a backwater of precious metals, and even threatened with demotion to an industrial metal, silver is back in the spotlight. The effect on common date silver coins couldn’t be more welcome to collectors and investors, and is helping the market as a whole.

Up more than 29 percent over last year’s $13.38 average, silver has increased almost four times its 2003 average of $4.87 a troy ounce and three times its 1998 price average of $5.54 an ounce.

Here’s how the difference plays out on a common circulated Morgan dollar that contains .7734 troy ounces of metal. At $5.54 an ounce, a silver dollar has about $4.42 worth of bullion. A quarter has .18084 troy ounces worth of precious metal, worth just about a dollar. At the current $17.38 average, the silver dollar’s metal reserve is $13.44 and the quarter is about $3.15.

As gold crossed $1,000 and platinum $2,175, silver went over the important psychological barrier of $20 an ounce before retreating to profit takers. That approaches the 1979 average of $21.79, which is otherwise understood only in the context of the Hunt Brothers run on the silver market.

Read Full Artcle on Numsmatic News 

By Ken Potter for Numismaster

In my Feb. 19 Numismatic News front page story I revealed that an “Extra Beard” variety had been found by reader James P. McCarthy of Wisconsin. I also noted that I and a number of other variety coins specialists had designated it as a doubled die from a tilted hub.

Now I must report that all the researchers (including yours truly) who attributed it as a doubled die just weeks ago, have unanimously reversed our opinions and have reattributed it as a clashed die from a Misaligned Die (or what is often referred to as a MAD Clash). Those of us who originally suggested that the coin was a doubled die based our opinions on the fact that overlays seemed to neatly fit the area of the so-called extra beard in another area of the beard just perfectly.

However, soon after the variety was first publicized, folks started finding more examples with the so-called extra beards from other dies with obvious clash marks. A closer look at examples struck from the same dies as the original find also showed traces of clash but they were minor and overlooked as trivial by most the first time around. With more “extra beards” being found from other dies with obvious clash marks, a clash had to be reconsidered as a possible cause.

Read Full Numismaster Article